Simulations with Arena questions:
1) If 100 data points are good than 1000000 data points are always better.
a) True
b) False
2) "A simple model (or solution to a problem) is usually better than a more complicated model" is a short form of:
a) The Central Limit Theorem
b) The second fundamental law of probability
c) Occam's Razor
d) the KIS method